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prix immobiliers

  • Mardi 1/12/2020
    Frank Maet

    Construction and real estate activity recovered after the first COVID-19 wave starting in the summer, but the tightening of security measures may again temporarily weigh on activity in Q4. We take into account a fall in house prices in 2020 and 2021 due to the recession weighing on household income. However, the fall in prices remains limited by low interest rates, investor demand and government measures to mitigate the damage to income.


  • Mercredi 6/5/2020
    Koen De Leus

    Will residential real estate prices go down badly because of the Corona recession? We see a lower supply, low mortgage rates, a largely stable demand and only a slight decrease in disposable income. Add to this a negative inflation of -0.4%. That combination leads us to a minimum decline of 1% for 2020 and stable real real estate prices in 2021. Of course, if our U-shaped scenario turns into a more protracted recession, price pressure will be mounting.


  • Mardi 17/4/2018
    Pol Tansens

    Both institutional and private investors can give priority to diversification, acquiring direct real estate on markets they know well, and operating (other) private and listed real estate vehicles in order to acquire greater exposure to those real estate markets with which they may be less familiar. Indeed, we deliberately embrace investments in REITs (or funds investing in REITs), as they provide access to the more international property markets. It is clear that listed real estate companies invest in real estate, but at the same time they operate in a market parallel to the physical real estate market, in other words the stock exchange.

    Thus, property stocks can have different risks (volatility) and yield characteristics, especially in times of high inflation. Therefore, investors' attention at present needs to be focused on future dividend yields. We believe that, in the near future, investors will 'demand' a higher real total return (before leverage) to offset increased property risk. Stable or higher cap rates moderate the total return, reducing the increase in value. We assume that the total return (before financing) for most property markets will not exceed 10% this year.